Journey Advisory Group LLC Acquires 450 Shares of International Business Machines Co. (NYSE:IBM)

Journey Advisory Group LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,879 shares of the technology company’s stock after buying an additional 450 shares during the period. Journey Advisory Group LLC’s holdings in International Business Machines were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the first quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines during the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines in the fourth quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IBM. UBS Group boosted their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group increased their target price on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $185.93.

International Business Machines Trading Down 0.3 %

NYSE:IBM traded down $0.65 during mid-day trading on Thursday, reaching $203.46. 531,171 shares of the company’s stock traded hands, compared to its average volume of 4,213,558. The company has a 50 day moving average price of $188.33 and a 200-day moving average price of $182.28. The firm has a market capitalization of $186.90 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 4.50 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 12-month low of $135.87 and a 12-month high of $205.95.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company earned $2.18 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Co. will post 10.09 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.28%. International Business Machines’s dividend payout ratio is presently 75.65%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.